U.S. Treasury Secretary Scott Bessent said the delegation currently in Beijing is conducting a "technical" round of discussions aimed at smoothing the path for broader trade talks with China. He expects to meet Chinese Vice Premier officials in late October or early November, adding that while "everything is on the table," proposals to delist Chinese companies from U.S. exchanges have not yet been discussed. Each session, he said, is "moving the ball forward" in what he called a complex negotiation. Bessent also indicated the Treasury could decide as soon as September or early October whether to move ahead with a public share sale of mortgage-finance giants Fannie Mae and Freddie Mac. He stressed that the administration is proceeding "deliberately" and that the exact timing of the transactions remains uncertain. Turning to other economic priorities, the secretary labeled semiconductors a "strategic necessity" and urged greater domestic capacity. He criticized India’s "very high tariffs" and its gains from buying discounted Russian crude, noting he had once expected a U.S.–India trade pact by mid-year but still believes the two countries can reach an accord.